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18 February 2025 | 16 replies
Do you want to own your own real estate like an apartment or retail center and create a side business?
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11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
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5 January 2025 | 7 replies
In the latter case, I would still use QB to enter info provided by the 3P servicer and to maintain my general ledger for the lending business.
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27 January 2025 | 3 replies
Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.
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29 January 2025 | 47 replies
Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain.
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24 January 2025 | 9 replies
I have two phones, one for business and one for personal.
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27 January 2025 | 35 replies
Personally I think Josh himself is innocent but the company definitely is involved in shady and deceptive business practices.
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15 January 2025 | 24 replies
And, again, eventually a strong business model/niche will show its numbers and then everyone will be doing it.
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29 January 2025 | 6 replies
Love AI in the business though.
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26 January 2025 | 21 replies
Would your STR business even exist without Airbnb?